 |
Texas Statutes (Last Updated: January 4, 2014) |
 |
GOVERNMENT CODE |
|
Title 10. GENERAL GOVERNMENT |
|
Subtitle G. ECONOMIC DEVELOPMENT PROGRAMS INVOLVING BOTH STATE AND LOCAL GOVERNMENTS |
|
Chapter 2306. TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS |
|
Subchapter FF. OWNER-BUILDER LOAN PROGRAM |
Sec. 2306.758. FUNDING
-
(a) The department shall solicit gifts and grants to make loans under this subchapter.
(b) The department may also make loans under this subchapter from:
(1) available funds in the housing trust fund established under Section 2306.201;
(2) federal block grants that may be used for the purposes of this subchapter; and
(3) the owner-builder revolving loan fund established under Section 2306.7581.
(c) In a state fiscal year, the department may use not more than 10 percent of the revenue available for purposes of this subchapter to enhance the ability of tax-exempt organizations described by Section 2306.755(a) to implement the purposes of this chapter and to enhance the number of such organizations that are able to implement those purposes. The department shall use that available revenue to provide financial assistance, technical training, and management support for the purposes of this subsection.